Tag Archives: Iraq

Iraq is on track to produce nearly six million barrels of crude per day by 2030.

Iraq and Afghanistan are among the most important trade partners of Iran and targeting their markets stands among the priorities of Iran in making its trade decisions. Chairman of Iran Export Confederation Mohammad Lahouti said.

Baghdad is resolute to preserve its trade and energy ties with Tehran with a plan to deposit several billions of US dollars in an account in an Iraqi bank to pay for imports of energy from Iran.

Iran is still the number one supplier of natural gas and electricity to Iraq.

An economic delegation form Iraq’s Babil Governorate will arrive in the western Iranian province of Kermanshah on Tuesday for a three-day visit.

Iran’s Road and Urban Development Minister Mohammad Eslami said on Friday that currently his country is conduit to 30 million tons of goods transported between the Far East and Europe. adding that Tehran aims to increase its share to 100 million tons.

Three of the oil officials said Exxon had costed the project at higher than Hyundai’s $2.4 billion.

Iran and Iraq are bound together by centuries of economic. religious and political ties.

Iraq is also planning to rehabilitate a pipeline via Turkey.

Iran has high capacity and potential to export electricity up to twofold of the current capacity to neighboring Iraq.